76% of young adults can’t pass a basic financial literacy test.
Three out of four high school grads will be in debt within a year and don’t know how to accomplish real-life financial tasks like opening a bank account, buying or leasing a car, or budgeting for groceries.
Three out of four highschool grads will be in debt within a year and don’t know how to accomplish real-life financial tasks like opening a bank account, buying or leasing a car, or budgeting for groceries. Here at GravyStack, we want to help parents change that.
Kids aren’t being taught to manage their finances at school, so it falls on parents to pick up the slack. But often times parents don’t have the time, knowledge, or resources to tackle the task. Even if parents do have the time and the knowledge, kids learn better when someone other than their parents presents an idea or a lesson. That’s where GravyStack comes in.
GravyStack is designed by subject matter experts, guided by child psychologists, and gamified by behavioral learning game experts who know the science behind FUN. Kids learn how to earn, save, and manage their money through independent learning that they’re excited to do.
And through the app kids experience creating value and earning money rather than just expecting an allowance. GravyStack creates a solution to the whining, begging and arguing that traditional allowance and chore models teach by building an “economy in the home.”
Parents, think about it, you spend hundreds if not thousands of dollars on stuff your kids could buy for themselves IF they had an income stream—birthday presents for their friends, movie tickets when their best bud comes back to town, special treats after they complete their sport season. This teaches kids to expect things to be provided for them (at someone else's expense). This is not how the real world works. No wonder 76% of them can’t support themselves when they leave the home.
The good news is one simple switch can flip this whole concept on its head without adding any extra time, stress, or expense to the family’s already taxed lives. You can redirect those same funds to something that would teach your kids responsibility, grit, independence, the concept of supply and demand, providing value to their community, and more.
You might be thinking, “my kids would FREAK if they had to buy this stuff for themselves!” And this might be true, but it’s only because they have never experienced true financial independence before and have no idea how to make that kind of money for themselves.
GravyStack’s Gigs solve this! You can sit down as a family and decide what you, as parents, will no longer pay for. And then also decide what you are willing to pay your kids for. Kids will immediately begin to see the direct connection between their own efforts to provide value to the world around them and how this provides them with the means to buy the things they want and accomplish any goal! Gigs give kids and parents a way to escape the traps that traditional allowance and chores keep them in and provide freedom for everyone in the household.
GravyStack was built by busy parents for busy parents who want to set their kids on the path to financial freedom early. We’re committed to helping you empower your kids to become self-sufficient, resilient adults who understand how money works.